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Thursday, February 25, 2010

Major relief in individual Income tax in Indian budget 2010

 Pranab Mukherjee, Finance Minister of India announced major relief in individual income tax in the central budget proposed today in the parliament of India for year 2010-11.

He hasproposed redemption form "Saral" (Simple form of two pages) for income tax. He has simplified income tax act.

He has proposed nill income tax upto income of 1.60 lakh. Income tax rate will be only 10 percent  between Income of Rs. 1.6o lakh to Rs. 5.00 lakg. Income tax rate of 20 percent will be charged for the income between 5.00 laks and 8.00 lakh.



Article on Budget India 2010 

Major relief in individual Income tax in Indian budget 2010

Service tax proposal in Indian Budget 2010

Import duty on gold and platinum raised in union budget 2010

Budget India 2010

Railway budget 2010 proposed

Salient features of Indian Railway Budget 2010

Pranab Mukherjee has given major benefits to Murshidabad in Indian budget

Thanks,
Jyoti Kothari

(Jyoti Kothari, Proprietor, Vardhaman Gems, Jaipur represents Centuries Old Tradition of Excellence in Gems and Jewelry. He is also ISO 9000 professional)
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2 comments:

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Financial Planning

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